Is profiting from fantasy sports illegal in Iowa? State seeks clarification

10:54 AM,
Jan. 27, 2014

Written by

William Petroski
Des Moines Register

When it comes to fantasy sports, Steve Cate of Johnston loves them all.

He plays basketball, football, golf, baseball and NASCAR. He's good at it - avidly studying statistics and shrewdly choosing his players.

The problem comes if Cate wants to cash in on his skills. State law bars Iowa residents from winning prizes and cash in fantasy sports leagues. That's the case even though fantasy sports are enormously popular here, with an estimated 264,000 Iowans participating in the games, according to trade industry data. ...